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If the creditor tells you that you would have a zero balance if you give the car back how will this look on your credit when purchasing another car?


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2015-07-15 19:29:55
2015-07-15 19:29:55

It will look MUCH better IF you can get the lender to put the"ZERO BALANCE" part IN WRITING before you give up the car.

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Related Questions

If someone has a creditor and has a debit balance and a credit balance this means they have a bank account. The bank account provides the debit card and the bank provides the credit balance.

sundry creditor shows credit balance

A creditor is an entity that a company owes money to, such as debt to a bank or bondholders. If a creditor has a debit balance, it means that your company paid more than they owed. If there was a credit balance, you would owe money on that account.

A balance transfer is the transfer of balance in an account or a credit card to another account.It also refers to transfer of outstanding balance from one credit card to another credit card.

Debit assetsCredit liabilitiescredit cash / bank (balance amount)

A balance transfer is when you have money in one bank and transfer that money to another bank. It is also when you have a balance on one credit card and transfer the balance to another credit card.

goods in transit a debtor(customer) could also be a supplier(creditor)

Purchase a/c....Dr To Creditor a/c (party from whom goods are purchased)

Is it for the same account or do you have another account with them?

Yes you can pay your credit card bill by another credit card. It is called balance transfers, you can transfer the balance of another credit card that has a high interest to a credit card that has a low interest. Hopefully this answers your question.

Yes, they can. But, usually it can be removed by the credit bureau once its proven to be a duplicate entry of the same debt.

To transfer a credit card balance means to use the available credit on one credit card to pay off the balance of another credit card. This is often done by credit card holders to pay back a balance at a lower rate.

Accounts payable is a credit balance, because that is how much you owe to another company. Accounts receivable (the amount you will receive from another company) is a debit balance.

You can find your garnishment balance by contacting the court who issued the garnishment or the creditor who put the garnishment on your wages. You could also pull a credit report to see your current balance.

Yes it can. A secured credit card is for people who is trying to rebuild their credit or has been denied credit in the past. Most of the time a secure credit card is money that you set aside to give to the creditor as collateral which is $300. Then once approve which is most of the time, the creditor will give you a secured credit card in which you try to use it and pay either the minimum due or the entire balance. If you do not pay any balance, the company that has your collateral will keep the $300.

When transferring a balance from one credit card to another, a transfer fee is usually charged. This fee is a percentage of what ever the balance is. A higher balance means a higher fee.

Yes. It doesn't matter how much the account balance is, it only matters if the creditor can collect the money owed after wining a lawsuit

Many credit card companies offer balance transfer options whereby you can transfer the balance of one credit card to another. Be aware that the terms offered for balance transfers can be deceptive and generally the terms have a time limit.

The creditor is the person who provided services, goods, or credit.

As soon as your creditor reports your balance is zero, the Credit reporting agencies update about every 30 days

Yes, you can transfer a balance from one person to another, preferably WITH their permission..

Accounts payable is shown in liabilities side of balance sheet as it is the liability for business for purchasing goods on credit from vendors.

Yes, if you have a bad debt reported to your credit listing and unpaid balance this hurts both your credit rating along with your balance between debt-to-income if you had been considering purchasing or refinancing a home. When you payoff this debt, the balance is changed to reflect that you have made this payment, which will improve your credit standing.

No. When an original creditor sells a charged off accounts to another company. I asked the Credit bureau to investgate. However, the creditor is unable to remove it from my credit report. does this start the 7 year clock ticking all over again from the date the credit bureau investigate?

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